Understanding Royalty: Definition, Meaning, and Types
Understanding Royalty A royalty is a contractual payment made to the individual or company of a particular asset…
What is Corporation? : Meaning, Types and Formation
Understanding Corporation A corporation is a type of legal entity that is separate from its owners. Created under…
Insurable Interest: Meaning & Example
What is Insurable Interest? Insurable Interest is a financial stake or potential loss that a person or entity…
Surcharge in Taxation: Definition, Meaning, and Applicability
Introduction to Surcharge If any individual falls in the higher income category, the Income Tax Department of India…
Merchant Banking: Definition, Functions and Advantages
What is Merchant Banking? Merchant banking refers to a specialised financial service that is provided by banks or…
Meaning and Definition of Wealth Management
What is Wealth Management? Wealth management refers to a financial service or assistance to affluent clients. This is…
Ratio Analysis: Definition, Meaning, Key Uses, and Types of Financial Ratios
Understanding Ratio Analysis Ratio analysis refers to a method that is used to evaluate and compare the financial…
AMT: Full Form, Meaning, Definition, Applicability, and Exemptions of Alternative Minimum Tax
What is Alternative Minimum Tax (AMT)? The Alternative Minimum Tax (AMT) refers to a separate tax that ensures…
Advance Payment: Definition and Importance
What is Advance Payment? Advance payments refer to the amount of money that is paid before the final…
Cess on Income Tax: Definition, Meaning, Eligibility, and Types
What is Cess on Income Tax? Cess on Income Tax is an additional tax imposed by the government…